Recent Submissions

  • Intraday volatility and trading volume after takeover announcements 

    Smith, Brian F., Robert White, Michael Robinson, and Richard Nason. 1997. "Intraday volatility and trading volume after takeover announcements." Journal of Banking & Finance 21(3): 337-368.
    This paper examines transactions data regarding the market's reaction to 258 takeover announcements on the Toronto Stock Exchange (TSE) from 1977 to 1989. The study analyzes volatility and volume of target firm's stock ...
  • Is Your Risk System Too Good? 

    NASON, RICK. 2009. "Is Your Risk System Too Good?." RMA Journal 92(2): 12-15.
    The article describes risk homeostasis and its indicators and disadvantages and develops suggestions that risk managers should implement to prevent it. It defines risk homeostasis, also known as risk compensation, as a ...
  • Less is More 

    Nason, Rick. 2010. "Less is More." AFP Exchange 30(3): 20-22.
    The article offers the author's insights on risk homeostasis, a risk caused by over engineered risk mitigation system. The author mentions credit derivatives as example, wherein he says that the risk occurs due to excessive ...
  • It's Not Complicated 

    NASON, RICK. 2011. "It's Not Complicated." RMA Journal 93(6): 66-69.
    The article reports on risk management and frameworks used in science that could help the industry more effectively deal with future crises. The author says scientists think of things as being simple (like baking a cake), ...